https://www.taxtmi.com/caselaws?id=402189 The Tribunal partially allowed the appeal by directing the AO to retain the addition at 9.25% of Rs. 2.44 crores (Rs. 22,57,000) and delete the balance addition of Rs. 2,21,43,000. The Tribunal rejected the claim of double addition and upheld the CIT(A)'s decision to reject the reduction in closing stock. The assessee's argument regarding lack of opportunity before the CIT(A) was dismissed. en-us Thu, 24 Dec 2020 00:00:00 +0530 Fri, 25 Dec 2020 17:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402189 The Tribunal partially allowed the appeal by directing the AO to retain the addition at 9.25% of Rs. 2.44 crores (Rs. 22,57,000) and delete the balance addition of Rs. 2,21,43,000. The Tribunal rejected the claim of double addition and upheld the CIT(A)'s decision to reject the reduction in closing stock. The assessee's argument regarding lack of opportunity before the CIT(A) was dismissed. Case-Laws Income Tax Thu, 24 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402189